Comments on: This and That: Bank of Canada Rate Cut, Warren Buffet Interview and more… http://www.canadiancapitalist.com/this-and-that-bank-of-canada-rate-cut-warren-buffet-interview-and-more/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: KH http://www.canadiancapitalist.com/this-and-that-bank-of-canada-rate-cut-warren-buffet-interview-and-more/#comment-180335 KH Mon, 26 Jan 2009 18:40:52 +0000 http://www.canadiancapitalist.com/?p=1669#comment-180335 So I'm sitting here fretting about my portfolio in these turbulent times and have a more than usual furrowed brow because of the unsubstantiated statements everywhere I turn such as "the US economy will turn around", "maybe a bit longer than ususal" etc. etc. Read my Peter Schiff over the holidays and now I surf to the gold hawks sites and the sky is falling, "they're printing money", "inflation on the way", "hyper inflation risks", "worse underpinnings than before". I cast these off as the usual gold and US dollar hyperbole, but make a mental note to think about looking at my bullion allocation... And then.... And then I read between the lines of Obama's speech.(Hmmm he didn't actually say inflation and dealing with it later, but why is it rattling around in my head...) And then I read Buffett linked through thsi site and he's chiming in with the same type of inflation talk previously reserved for the alarmists. Well now I'm alarmed! If you're a long term investor, shouldn't you read Buffett's interview as sage advice to get ready for a bumpy inflationary bubble? And the problem with the inflation bubble is trying to fix it without printing more money - causing the mother of all hyperinflation bubbles... (Bubble Of All Bubbles - BOAB (you heard it here first :-) ) And he's talking about mid term inflation, not far off, long term. I have been warned, will I heed the advise? Solid Infation proof Equities?, Bullion buried in my yard?, 4 barrels of oil and some potash?, anything monetized in Euro's?, China Central Bank Savings account?..... anything it seems but what I'm currently flush with! So I’m sitting here fretting about my portfolio in these turbulent times and have a more than usual furrowed brow because of the unsubstantiated statements everywhere I turn such as “the US economy will turn around”, “maybe a bit longer than ususal” etc. etc.
Read my Peter Schiff over the holidays and now I surf to the gold hawks sites and the sky is falling, “they’re printing money”, “inflation on the way”, “hyper inflation risks”, “worse underpinnings than before”. I cast these off as the usual gold and US dollar hyperbole, but make a mental note to think about looking at my bullion allocation…
And then….
And then I read between the lines of Obama’s speech.(Hmmm he didn’t actually say inflation and dealing with it later, but why is it rattling around in my head…)
And then I read Buffett linked through thsi site and he’s chiming in with the same type of inflation talk previously reserved for the alarmists. Well now I’m alarmed!
If you’re a long term investor, shouldn’t you read Buffett’s interview as sage advice to get ready for a bumpy inflationary bubble? And the problem with the inflation bubble is trying to fix it without printing more money – causing the mother of all hyperinflation bubbles… (Bubble Of All Bubbles – BOAB (you heard it here first :-) )
And he’s talking about mid term inflation, not far off, long term.
I have been warned, will I heed the advise?
Solid Infation proof Equities?, Bullion buried in my yard?, 4 barrels of oil and some potash?, anything monetized in Euro’s?, China Central Bank Savings account?….. anything it seems but what I’m currently flush with!

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-bank-of-canada-rate-cut-warren-buffet-interview-and-more/#comment-179947 Canadian Capitalist Fri, 23 Jan 2009 14:57:12 +0000 http://www.canadiancapitalist.com/?p=1669#comment-179947 Phil: I'm not sure how the Bank comes up with these forecasts. I suppose their reasoning is the massive stimulus late last year should start to kick in sometime in the middle of 2009. But with manufacturing jobs gone forever like you mention and commodities crashing and burning, you may well be right. FT: I didn't call you crazy! I said it's crazy talk! dave2duk: Thanks. I've included a link to the video already. Phil: I’m not sure how the Bank comes up with these forecasts. I suppose their reasoning is the massive stimulus late last year should start to kick in sometime in the middle of 2009. But with manufacturing jobs gone forever like you mention and commodities crashing and burning, you may well be right.

FT: I didn’t call you crazy! I said it’s crazy talk!

dave2duk: Thanks. I’ve included a link to the video already.

]]> By: dave2duk http://www.canadiancapitalist.com/this-and-that-bank-of-canada-rate-cut-warren-buffet-interview-and-more/#comment-179944 dave2duk Fri, 23 Jan 2009 14:04:32 +0000 http://www.canadiancapitalist.com/?p=1669#comment-179944 You can SEE the Buffet Interview via this page (http://www.pbs.org/nbr/site/features/special/30-years_home/) Scroll down... You can SEE the Buffet Interview via this page (http://www.pbs.org/nbr/site/features/special/30-years_home/)

Scroll down…

]]> By: Michael James http://www.canadiancapitalist.com/this-and-that-bank-of-canada-rate-cut-warren-buffet-interview-and-more/#comment-179941 Michael James Fri, 23 Jan 2009 13:54:19 +0000 http://www.canadiancapitalist.com/?p=1669#comment-179941 Thanks for the mention! I'm listening to the Buffett interview as we speak. Thanks for the mention! I’m listening to the Buffett interview as we speak.

]]> By: Million Dollar Journey http://www.canadiancapitalist.com/this-and-that-bank-of-canada-rate-cut-warren-buffet-interview-and-more/#comment-179939 Million Dollar Journey Fri, 23 Jan 2009 13:20:50 +0000 http://www.canadiancapitalist.com/?p=1669#comment-179939 Thanks for the mention CC! It's not the first time someone has called me crazy. :) Thanks for the mention CC! It’s not the first time someone has called me crazy. :)

]]> By: WhereDoesAllMyMoneyGo.com http://www.canadiancapitalist.com/this-and-that-bank-of-canada-rate-cut-warren-buffet-interview-and-more/#comment-179890 WhereDoesAllMyMoneyGo.com Fri, 23 Jan 2009 03:42:30 +0000 http://www.canadiancapitalist.com/?p=1669#comment-179890 Thanks for the link - see you in Ottawa in my Honda. :) Thanks for the link – see you in Ottawa in my Honda. :)

]]> By: Phil S http://www.canadiancapitalist.com/this-and-that-bank-of-canada-rate-cut-warren-buffet-interview-and-more/#comment-179884 Phil S Fri, 23 Jan 2009 03:18:40 +0000 http://www.canadiancapitalist.com/?p=1669#comment-179884 The reasoning behind the BoC's forecast of an economic rebound in 2010 is low interest rates and a low Canadian dollar. Well guess what? The reality is that unless the loonie drops so low that our wages are comparable to Mexico or China, a lot of the manufacturing jobs that we lost in Ontario are gone FOREVER. They're not going to reopen these factories just because our interest rates are low for as long as they can just do at 1/10 the cost in Mexico. The reasoning behind the BoC’s forecast of an economic rebound in 2010 is low interest rates and a low Canadian dollar. Well guess what? The reality is that unless the loonie drops so low that our wages are comparable to Mexico or China, a lot of the manufacturing jobs that we lost in Ontario are gone FOREVER. They’re not going to reopen these factories just because our interest rates are low for as long as they can just do at 1/10 the cost in Mexico.

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